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20121201
20121231
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correspondent dana bash, steven moore of the "wall street journal" and jackie calms of the "new york times." 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. [ tylenol bottle ] me too! and nasal co [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> joining me around the table, cnn's congressional correspondent dana bash, mark zandy and he has a new book out "paying the price" steven moore of the "wall street journal" and jackie calms of the new york tiles. thank you all for joining us. let's jut as
"paying the price." steven moore, and jackie calmes. let's just ask you two, first, so set the stage. will it be armageddon? should we all start hoarding gold? you get such differing opinions about what would happen. >> well, january 1, no, no big deal. particularly if the treasury decides to freed holding schedules. but by the end of january, things start to get uncomfortable, by end of february, we have the debt ceiling, and that would be cataclysmic. >> this does seem to put a little more time on the plate of congress, which sends to expand the time you give -- >> look, i think you have very different ideological views. i think raising tax rates is harmful, could cause a recession. i think the spending cuts would be positive for the economy. the democrats believe the opposite of that. this is a dispute over very big ideas. this is not a small dispute, it's a dispute about the future of our federal budget and how we will operate in washington. >> as we said earlier, there is a consensus that they will get something, it's the congress, you know. is that consensus beginning to -- >>
make on the margin. steven moore is ready to jump out of his skin after i just said what i said. david k. johnson is a pulitzer prize winning journalist. his latest big, how big companies use plain english to rob you blind. steven, while i agree that every penny counts when it comes to your own money, when you compare the taxes most americans paid out in past decades, i don't get why republicans are screaming bloody murder about this. what would be so bad with the wealthest chipping in just a little bit more? >> when you showed that chart of the tax rates and that was exactly accurate. we had 70% rates in the 1970s. by the way, that didn't turn out so well, then we cut the rates significantly. 50%, then 28 and then the rates went up to 35%. but i would love to see you super impose on that chart. the share of taxes paid by the rich. here is the interesting thing. if you put the share paid by the rich, as the share came down, the share paid by the rich went up to almost 40% today. >> doesn't that just mean there are more rich people or that they make more money? >> yep and that's what we
Search Results 0 to 2 of about 3